Metro Fuel Oil reports $7,411 in EBITDA for March on zero sales

By Kali Hays

New York, April 21 - Metro Fuel Oil Corp. posted $7,411 in EBITDA for March on zero net petroleum sales, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Eastern District of New York.

In comparison, the company reported negative $44 in EBITDA for February also on zero net petroleum sales.

The net loss for March was $201,582, down from a $313,624 net loss in February.

The company also reported $17,535,618 in cash and money market funds as of March 31, a slight increase from $17,523,139 as of Feb. 28.

Metro Fuel is a Brooklyn, N.Y.-based energy company that supplies bioheat, biodiesel, heating oil, central air conditioning units, ultra low sulfur diesel fuel, natural gas and gasoline throughout the New York City metropolitan area and Long Island. The company filed for bankruptcy on Sept. 27, 2012 under Chapter 11 case number 12-46913.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.